My net worth is 20 million, of which about 19 million was earned by 'trading crypto'! I take 100,000 yuan from the crypto market every month, and it doesn't feel like it has any impact. Life is leisurely, free, without intrigue, and living the original life I want. Today, I'm sharing a few dry goods, these experiences are worth 10 million, I hope it can help you.
There's a foolproof method for trading crypto that's almost 100% profitable.
I made more than 20 million using this method! These are all experiences I lost in real trading:
1. Trade after 9 p.m. The news is too chaotic during the day, with all kinds of fake good news and fake bad news flying around, and the market goes up and down like a convulsion, making it easy to be tricked into the market. I usually wait until after 9 p.m. to operate, when the news is basically stable, the K-lines are cleaner, and the direction is clearer.
2. Take profits immediately after earning money and don't always think about doubling it! For example, if you earn 1000U today, I suggest you immediately withdraw 300U to your bank card, and continue to play with the rest. I've seen too many people who 'want five times the profit after earning three times', and as a result, they lose it all in one pullback.
3. Look at the indicators, not the feeling Don't trade based on feeling, that's blind betting. Install TradingView on your phone and check these indicators before trading: • MACD: Is there a golden cross or a death cross • RSI: Is it overbought or oversold • Bollinger Bands: Are they contracting or breaking through At least two of the three indicators give a consistent signal before considering entering the market.
4. Stop losses must be flexible When you have time to watch the market, manually move the stop loss price up when you earn money. For example, if the purchase price is 1000 and it rises to 1100, move the stop loss to 1050 to protect your profits. But if you are going out and cannot watch the market, you must set a hard stop loss of 3% to prevent a sudden smash and be wiped out.
5. Must withdraw money every week Unwithdrawn money is a digital game! I unfailingly transfer 30% of my profits to my bank card every Friday, and continue to roll the rest. In the long run, the account will become thicker and thicker.
6. There are tricks to reading K-lines • For short-term trading, look at the 1-hour chart: you can consider going long if the price has two consecutive positive lines. • If the market is moving sideways, switch to the 4-hour chart to find support lines: consider entering the market again near the support level.
7. Never step into these pitfalls! • Don't use leverage of more than 10x, beginners should control it within 5x • Don't touch altcoins like Dogecoin and Shiba Inu, they are easy to be harvested • Do a maximum of 3 trades a day, too many are easy to get overwhelmed and out of control • Never borrow money to trade crypto!!
A word for you: trading crypto is not gambling, treat it as a job, go to and from work on time every day, turn off the machine when it's time, eat and sleep when you should, and you will find that - money is earned more steadily. Life is leisurely, free, without intrigue, and living the original life you want.
Today, I'm sharing a few dry goods, these experiences are worth 10 million, I hope it can help you. #加密市场反弹
1. If your initial capital pool is not very large, such as within 100,000, it is enough to catch a big fluctuation in the market once a day. Don't be greedy and always hold a position!
2. If you encounter major good news, if you don't ship on the same day, remember to sell the next day when it opens higher. Cashing in the good news is often bad news
3. News and holidays are also very important. When encountering major events, adjustments should be made in advance (reducing positions or even being empty). According to past experience, major events will inevitably lead to major market fluctuations. If you are not sure about the direction in advance, then wait for the market to come and follow the trend!
4. The strategy for mid- to long-term must be to enter lightly, leaving enough room for operation. A steady operation is the best strategy. Never operate with heavy positions!
5. Short-term trading focuses on following the trend, entering and exiting quickly, and avoiding being greedy and hesitant. When the market fluctuates greatly, look for suitable points to enter. When the market is sluggish and inactive, wait patiently with an empty position.
6. The market fluctuates slowly, and the rebound is naturally slow. The market fluctuates quickly, and the corresponding pullback is also rapid!
7. If you enter the wrong point in the wrong direction, stop the loss in time (do not hesitate to carry the order), stopping the loss is a disguised profit, and protecting your capital is the foundation of survival in the market.
8. The 15-minute K-line chart must be watched for short-term trading. According to the KDJ indicator, you can better capture the appropriate entry positions.
9. There are thousands of technologies and methods for trading crypto, the most important thing is the mentality. A person's mentality is very important. The crypto world can easily let you feel the ups and downs, so adjust your mentality and don't be greedy.
After years of struggling in the crypto world, I have accumulated a lot of experience. Today I will share these crypto trading tips with you!
The Bubble Crisis of Popular Coins: In a bull market, those hyped-up popular coins, especially those that are highly controlled, seem infinitely glorious and are rising rapidly, but in reality, they hide crises. They are like over-inflated balloons, the faster they rise, the bigger the bubble becomes. Once the market direction changes or the hype cools down, the price will fall rapidly like a free fall, and the risk will be multiplied. Therefore, for such popular coins, we cannot be simply blinded by their short-term gains, but be vigilant about the huge risks behind them.
Analysis of the scams in altcoins: The operational mode of altcoins often follows a fixed pattern. Market makers usually absorb enough chips by first smashing the price, and then raising the price to attract many followers to enter the market. When the number of followers reaches a certain level, the market makers will look for opportunities to harvest again with a different trick. Although this model seems old-fashioned, it has been repeatedly successful in actual operation. Therefore, before participating in altcoin trading, we must be fully psychologically prepared, maintain a clear head, and not be tempted by its superficial rise.
Insight into the Long-Term Trend of the Market: From a long-term perspective, the overall trend of the cryptocurrency market is relatively stable and upward. Although the market may experience sharp fluctuations in the short term, and prices may fluctuate, this is just the norm in the market. In the long run, the market tends to show a slow upward trend. This tells us that when investing in cryptocurrencies, we need to have enough patience and avoid frequent chasing of rises and falls, because waiting patiently may bring better returns than blind trading.
The Way to Dig Out Potential Coins: Truly potential coins often develop silently at the bottom of the market and are not noticed by the public. They will not attract a lot of attention and funds in the short term like those popular coins. On the contrary, these low-key accumulated coins will gradually rise inadvertently, showing great potential. To discover these potential coins, we need to have a keen eye and enough patience to deeply study the market and the project itself, rather than just paying attention to those superficial hotspots.
Risk Warning for Newly Listed Coins: Coins newly listed on exchanges are often full of risks, and there are many traps set by market makers. When these new coins are first listed, their prices often fluctuate violently, making it difficult to predict. Many investors are attracted by their short-term gains and blindly follow the trend, and often become the market maker's "meal in the plate". Therefore, for those new coins that rise and fall sharply as soon as they are listed, it is best to maintain a cautious attitude and avoid participating in them easily.
Mental Cultivation in the Norm of Ups and Downs: In the crypto world, it is commonplace for prices to fall after you buy and rise after you sell. Market fluctuations are inevitable. If we cannot withstand the psychological pressure brought about by these fluctuations, we are easily swayed by market sentiment and make wrong decisions. Therefore, we need to constantly cultivate our mentality, learn to remain calm and rational between ups and downs, and not be affected by temporary gains and losses.
Value Analysis of Rebound Coins: Those coins that rebound the most fiercely in the short term are often the result of speculation. Their price increases may only be fleeting and do not have long-term value support. The price fluctuations of truly potential coins are usually more stable, and their rise is based on solid fundamentals and practical application value. Therefore, we should not blindly chase a coin just because its rebound is large, but should deeply analyze the value behind it and avoid being deceived by superficial appearances.
Reading the Signals of Sudden Pullbacks: When we buy a coin and get a certain gain, if the price suddenly pulls back, this may be a signal that the market maker is shipping. In this case, we need to pay close attention to the changes in volume and price. If the volume increases but the price cannot stabilize, then it is likely that the market maker is shipping at a high level, and we should stop the loss in time to avoid becoming a victim of high-level takeovers.
Exploring Dark Horse Coins in the Second Half of the Bull Market: In a bull market, some coins may perform mediocrely in the early stages and not attract much attention. However, in the second half of the bull market, they may suddenly explode, like a marathon runner accelerating in the later stages, achieving several times the increase. These coins often have potential value and development space, and it is worth paying attention to the market rotation opportunities and making early arrangements so that we can share the benefits when they explode.
Potential Mining of Sideways Coins: In a bull market, after some coins have experienced several times the increase, they do not immediately fall, but enter a sideways state and can last for several months. This sideways movement may be their preparation for the next wave of upward movement. For this type of coin, we need to pay close attention to the fundamentals. If the fundamentals are solid, then they are likely to usher in a new outbreak in the near future, and we can prepare in advance to seize the opportunity.
This is my 10th year in the crypto world. I lost terribly in the beginning, then there were ups and downs. Now, I make a living entirely from crypto. I've summarized some experiences to share with you, hoping they'll be helpful. As long as you do this, it's hard to lose.
The pattern market makers fear most: 7 types of hanging man reversal techniques, 59% of cases have validated effectiveness.
As we know, the Hanging Man is a single candlestick pattern that closely resembles other single candlestick patterns, such as the Bullish Harami or the Doji. It forms during an uptrend and signals a potential reversal.
The Hanging Man has a long lower shadow, a nonexistent (or very short) upper shadow, and a small body that sits at the top of the trading range. The Hanging Man is similar to the Hammer. It is the mirrored version of the Shooting Star candlestick pattern.
The difference is that it appears in an uptrend and generally indicates that the uptrend is coming to an end.
The Hanging Man candlestick pattern's shadow is also typically twice as long as the body.
Therefore, we can identify the Hanging Man candlestick pattern through the following characteristics:
1. The candlestick body is small.
2. The bottom shadow must be longer than the body.
3. The candlestick has no upper shadow line, or the upper shadow line is very short.
As shown in the figure below:
The Hanging Man is also easy to identify on trading charts. As you can see in the EUR/USD chart below, the Hanging Man appears in an uptrend.
It is worth noting that all Hanging Man patterns are bearish reversal patterns. However, the Hanging Man pattern has variations, as shown in the figure below:
How to Trade the Hanging Man
To trade the Hanging Man candlestick pattern, it is not enough to simply find K-lines with the same shape on the chart.
In fact, there are other candlestick patterns that have the exact same shape, such as the Hammer candlestick pattern.
Are you a little confused?
More than just shape, the location where it appears makes a candlestick pattern effective.
This means the same shape in a different location can have a different meaning.
When trading the Hanging Man, we want to see the price first rise and then form a bullish move.
This Hanging Man appearing after a bullish move is a sign of a possible downside reversal.
It looks like this:
You might be thinking: "When do I start entering a trade?"
Simply, when the low of the candlestick is broken, the Hanging Man pattern can be traded.
This is the trigger for taking a conservative shorting strategy.
As shown below:
For any trade, we should set a stop loss. In the hanging man pattern trade, the most common stop loss point can be set above the candlestick pattern.
Additionally, to improve accuracy, we like to trade Hanging Man patterns in conjunction with other technical analysis or indicators.
Here are a few strategies for trading with the Hanging Man pattern:
Strategy 1: Trading the Hanging Man as a Bearish Reversal Pattern
Perhaps the biggest advantage of trading candlestick patterns is how easy they are to use. The Hanging Man is no exception. Identify an uptrend, find the Hanging Man pattern, and then trade it.
Strategy 2: Trading Naked Chart Pullbacks
As a bearish reversal pattern, the Hanging Man is a pattern to watch out for when the price is in a downtrend.
Just wait for the pullback to start, then watch for when the hanging man appears.
This often means the pullback is over and a new downtrend is about to begin.
Here's an example:
Strategy 3: Trading Hanging Man in Combination with Resistance Levels
Support and resistance levels are great places to spot price reversals.
Since we are looking for a downward movement, we want to trade the Hanging Man using resistance levels.
How to Operate:
◎ Draw resistance levels on the chart.
◎ Wait for the price to rise and touch the resistance level.
◎ Check if a Hanging Man appears at that level.
◎ Go short when the price breaks below the low of the Hanging Man.
◎ Set stop-loss and take-profit points, and expect the price to fall.
Here's an example:
Strategy 4: Trading Hanging Man in Combination with Moving Averages
Moving averages are great trend trading indicators. In a downtrend, trade when the price pulls back to the moving average.
How to Operate:
◎ Find a downtrend where the price has broken below the moving average.
◎ Wait for the price to rise and touch the moving average line.
◎ Check if a hanging man appears at the moving average line.
◎ Go short when the price breaks below the Hanging Man's low.
◎ Set stop-loss and take-profit points, expecting another round of price decline.
Strategy 5: Trading Hanging Man in Combination with RSI Divergence
This strategy is different from other trading strategies.
To spot bearish RSI divergence, we need to first see the price in an uptrend, forming higher highs and lows.
How to Operate:
◎ Find an uptrend.
◎ Mark the highs the price forms after each rise.
◎ Simultaneously compare the price highs with the RSI indicator.
◎ You have spotted divergence when you see the RSI forming lower highs, while the price forms higher highs.
◎ Now you want to wait until a Hanging Man appears at a higher high in price, consistent with a lower high in the RSI.
◎ Go short when the price breaks below the low of the hanging man.
◎ Set stop-loss and take-profit points and expect the price to fall.
Strategy 6: Trading Hanging Man in Combination with Fibonacci
Using Fibonacci retracement tools is another popular way to trade the Hanging Man.
Depending on the strength of the trend, different Fibonacci levels may be more suitable for the Hanging Man pattern. You can learn more about different Fibonacci retracement levels in the (Trader Says) official account.
How to Operate:
◎ Make sure the price is in a downtrend, or just starting a new downtrend.
◎ Wait for the price to rebound upwards. This rebound will always happen at some point.
◎ Select the Fibonacci tool and draw retracement levels from the low to the high of the price movement.
◎ When the price touches a Fibonacci level and forms a Hanging Man, this is the signal you've been waiting for.
◎ Go short when the price breaks below the low of the hanging man.
◎ Set stop-loss and take-profit points and expect the price to fall.
Strategy 7: Trading Hanging Man in Combination with Pivot Points
Pivot points are support and resistance levels automatically calculated by a mathematical formula.
If you are day trading, the daily pivot point is the most commonly used, although weekly and monthly pivot points are also often used.
How to Operate:
◎ Generate pivot point indicators on the chart.
◎ Check which pivot points are above the price, they often act as resistance levels.
◎ Ideally, the price is in a downtrend, although this is not a requirement.
◎ Wait for the price to rise to the pivot point level.
◎ A hanging man appearing at this level means the level has been 'rejected'.
◎ Go short when the price breaks below the Hanging Man's low.
◎ Set stop-loss and take-profit points and expect the price to fall.
What is the success rate of the Hanging Man?
According to the Encyclopedia of Candlestick Charts, written by internationally renowned trader Thomas N. Bulkowski, the success rate of the Hanging Man candlestick pattern is 59%.
Summary
The Hanging Man is a single candlestick pattern.
For it to be effective, it must appear after an upward swing.
This is a bearish reversal pattern, meaning the Hanging Man signals a potential downside reversal.
For improved accuracy, you can trade the Hanging Man with pullbacks, moving averages, and other trading indicators.
The Hanging Man has a win rate of 59%.
It is worth noting that no trading strategy is omnipotent. Sometimes, when you use a strategy, you will encounter a major shift in the market, and the market starts to develop with strong momentum.
To ensure you can withstand proper risk, properly lock in profits and take money off the table when the trend is in your favor.
Remember, when using these strategies or indicators, be sure to test them in simulated trading.
Trading crypto is similar to life. When you understand life, you also understand the crypto world. The simplest is the best. Knowing and acting in unity can make you confident and invincible!
Keep watching me, I believe you will take a lot less detours! Only share the most practical expression dry goods
Crypto Trading Secrets: 10 Rules of Survival Exchanged for Blood and Tears by Old Leeks
1. Aggressive coins have been falling for 9 consecutive days? Buy the dip with your eyes closed! (Don't care about any negative news, falling for 9 days is a golden opportunity, remember this magical number)
2. Reduce positions after two consecutive days of gains, preserving profits is king (Proud after two days of gains? Don't be the one taking over, it's always right to secure profits first)
3. A single-day surge of over 7%, there is still a rush to a higher point the next day (Don't rush to run after a big positive line, there is often meat to eat the next day)
4. Don't rush to chase the pullbacks of big bull coins, wait for them to squat down before getting on the bus (bull coins never go in a straight line, pullbacks in place are the best entry points)
5. Three days of sideways pretending to be a dead fish? Observe for another three days, if it doesn't move, get out! (Procrastinating coins take the most time, if they don't start in more than a week, quickly change the car)
6. Can't even get back the principal the next day? Cut the meat decisively without hesitation! (Being trapped is not scary, what is scary is stubbornly resisting and not admitting your mistakes)
7. There are mysteries in the daily limit list: look at the fifth daily limit after the third daily limit, and stare at the seventh daily limit after the fifth daily limit (dare to buy after two consecutive days of gains, remember to hang a sell order on the fifth day, this trick specializes in treating all kinds of disobedience)
8. Remember the relationship between volume and price: pay attention to breakthroughs with volume at low positions, and run away quickly if there is sluggish rise with volume at high positions (volume is the barometer of the crypto market, a breakthrough with volume is the charge signal, and a sluggish rise at a high position is the retreat order)
9. Trend is King, don't fool yourself: a three-day line with a raised head is the short-term charge, a thirty-day line with a turned head is the mid-term market, an eighty-day line is flat and the main rising wave is about to take off, and there is no need to worry about a long-term bull market with a yearly line upwards! (Look at the trend before you act, don't go against the moving average)
10. Small funds can also become big players, the key is to stick to these three principles: the method must be correct, the mindset must be stable, the strategy must be executed, and the opportunity must be waited for!
Finally: The only people who make money in the crypto trading market are this type of person. It's not about what technology and methods you use, but about your self-discipline. Coin trading is sometimes not a competition of strategy but a competition of time and patience.
Playing around in the crypto world is, in essence, a contest between retail investors and market makers. If you don't have insider information or firsthand data, you'll only get fleeced! If you want to join in on the layout and harvest the market makers together, you can follow me!
Welcome like-minded crypto people to discuss together ~ I very much agree with a saying: The boundary of knowledge determines the boundary of wealth, and people can only earn the wealth within their boundary of knowledge. The mentality of crypto trading must be good, don't let your blood pressure soar when it falls sharply, and don't be complacent when it rises sharply, it is important to secure your profits.
You might as well [take a look at the homepage] You will get the latest crypto market information and trading skills
Those who don't have many resources should be down-to-earth. Giving roses to others leaves a fragrance in your hands. Thank you for your likes, follows, and forwards! I wish you all financial freedom in 2025